• NEPSE Index Records 1.13% Gain in 4-Day Trading Week with Increased Volatility

    NEPSE Index Records 1.13% Gain in 4-Day Trading Week with Increased Volatility


    During the past week, the Nepal Stock Exchange (NEPSE) experienced four days of trading activity due to a holiday on Wednesday. The week concluded with the NEPSE index closing at 2,029.78 points, reflecting a gain of 22.72 points, which translates to a 1.13% increase. In comparison, the previous week had seen the index closing at 2,007.06 points, marking a significant gain of 3.86% from the week prior.

    Throughout the trading week, the NEPSE index displayed fluctuations, reaching a high of 2,040.03 points and a low of 1,953.15 points. This level of volatility amounted to a substantial 86.88 points. In the preceding week, the index had witnessed slightly lower volatility, with fluctuations of 73.94 points.

    Thursday stood out as the day with the highest intraday loss during the week, recording a drop of 44.35 points, and the day saw a turnover of Rs 3.29 Arba. However, when considering the entire week, the total turnover amounted to a more substantial Rs 7.37 Arba, indicating active trading and investment activities in the market.

    In summary, the NEPSE index demonstrated fluctuations during the four trading days of the week, with a net gain of 22.72 points. This performance follows a notable gain from the previous week, signifying ongoing activity and investor sentiment in the market.

  • Siddhartha Capital’s 12th AGM: Financial Reports, Dividend, and Auditor Appointment on Agenda

    Siddhartha Capital’s 12th AGM: Financial Reports, Dividend, and Auditor Appointment on Agenda


    Siddhartha Capital Limited (SIDCL) has announced its 12th Annual General Meeting (AGM), scheduled for the 25th of Ashwin, 2080 (October 12, 2023). The meeting will convene at Siddhartha Capital’s headquarters in Naxal, Kathmandu, commencing at 4 pm on that day.

    The AGM will address several key agendas, including the endorsement of financial reports for the fiscal year 2079/80. Additionally, the meeting will seek approval for the auditor’s report, which encompasses Profit and Loss (PL) statements, financial reports, and cash flow reports for the same fiscal year. Furthermore, the appointment of an auditor for the upcoming fiscal year 2080/81 will be presented for endorsement.

    One of the significant matters to be discussed and approved during the AGM is the declaration of a 25% cash dividend, which includes taxes and amounts to a total of Rs. 5 crores. This dividend distribution represents an important decision that will impact the company’s shareholders.

  • NICA Promoters Auction 500,000 Shares to General Public and Institutions

    NICA Promoters Auction 500,000 Shares to General Public and Institutions


    The current promoters of NIC Asia Bank Limited (NICA) have initiated an auction process for the sale of 500,000 units of their promoter shares. This auction is open to interested promoter shareholders as well as the general public and institutions. The auction period runs from the 4th Ashwin to the 10th Ashwin of the year 2080.

    During this auction, a total of 500,000 promoter shares of NICA will be made available. Interested parties, including eligible promoter shareholders, have the opportunity to submit bids. The minimum bid rate for these shares is set at Rs. 360 per unit, and the minimum bid quantity for promoter shares is 1,000 units.

    To manage the auction process, NIMB Ace Capital has been appointed as the designated auction manager. Bidding will officially commence at the auction manager’s premises on the 12th Ashoj of the year 2080 at 2 PM.

    As of the time of this update, NICA’s Last Traded Price (LTP) stands at Rs. 805 per share. This auction provides an opportunity for interested parties to acquire promoter shares in NICA and potentially participate in the bank’s ownership.

  • NEPSE Index Surges by 2.23% Fueled by Hydropower Sector Growth

    NEPSE Index Surges by 2.23% Fueled by Hydropower Sector Growth


    During today’s trading session, the NEPSE index posted a notable gain, closing at 2,029.78 points, which marked an impressive increase of 44.34 points or 2.23% compared to the previous day’s closing. This upward momentum follows a recent surge of 16.24 points on Tuesday, contributing to a cumulative gain of 64.84 points over the last three working days. This surge has propelled the index back to the 2000 level, and the driving force behind this remarkable increase has been the notable rise in the hydropower sector.

    The trading day commenced with the index opening at 1,988.71 points, hitting an intraday low of 1,988.67 points. However, it also reached an intraday high of 2,040.28 points before ultimately settling at its closing value of 2,029.78 points.

    Today’s trading activities featured 278 different stocks that were traded in a total of 119,359 transactions. The volume of shares exchanged reached 11,264,309, with an overall turnover of Rs. 3.29 Arba. As a result, the market capitalization saw a significant boost, reaching Rs. 30.59 Kharba, with a float market capitalization of Rs. 10.77 Kharba.

    One of the prominent performers during today’s trading was Sun Nepal Life Insurance Company Limited (SNLI), which recorded the highest turnover, totaling Rs. 20.18 crores, and closed with a market price of Rs. 470 per share.

    Notably, the trading session witnessed a substantial rise in the stock prices of nearly eight hydropower companies, making them an attractive choice for many traders due to their lower-than-usual pricing.

    On the downside, the NIBL Growth Fund (NIBLGF) experienced the most significant loss of 4.07% during today’s trading.

    In terms of sector indices, all sectors ended the day in positive territory, with the Hydropower Index leading the way with a substantial gain of 5.31%, followed closely by the Finance Index, which saw a 4.38% increase.

  • Mahuli Laghubitta Bittiya Sanstha Proposes Further Public Offering (FPO) to SEBON

    Mahuli Laghubitta Bittiya Sanstha Proposes Further Public Offering (FPO) to SEBON


    Mahuli Laghubitta Bittiya Sanstha Limited (MSLB) has submitted a formal proposal to the Securities Board of Nepal (SEBON) to initiate a Further Public Offering (FPO). The company’s aim with this FPO is to issue 475,449 additional shares, raising a total of Rs. 47,544,915 in capital. Similar to an Initial Public Offering (IPO), the general public will have the opportunity to apply for these shares at a par value of Rs. 100 per share.

    Sunrise Capital has been appointed as the issue manager for this offering, and the application for the FPO was officially submitted to SEBON on Bhadra 24.

    As of now, MSLB’s current paid-up capital stands at Rs. 32.23 Crores. However, upon the successful issuance of the FPO, the paid-up capital will experience an increase, reaching Rs. 36.99 Crores.

    It’s worth noting that ICRA Nepal has assigned an issuer rating of [ICRANP-IR] BB- (pronounced ICRA NP Issuer Rating Double B Minus) to Mahuli Laghubitta Bittiya Sanstha Limited. This rating suggests that issuers with this designation are assessed to have a moderate risk of default in terms of fulfilling their financial obligations in a timely manner.

  • Navigating the Nepal Stock Exchange (NEPSE): A Comprehensive Guide

    Navigating the Nepal Stock Exchange (NEPSE): A Comprehensive Guide


    The Nepal Stock Exchange (NEPSE) is a crucial financial institution that plays a pivotal role in Nepal’s economic development. As the primary stock market in the country, NEPSE facilitates the trading of stocks and securities, making it an essential platform for investors and businesses. In this comprehensive guide, we will explore various aspects of NEPSE, including live trading, market analysis, listed companies, trading tips, historical data, and more.

    NEPSE Overview

    Nepal Stock Exchange (NEPSE): NEPSE is Nepal’s only stock exchange, serving as the central marketplace for buying and selling securities. Established in 1993, it has played a vital role in channeling investments and promoting economic growth.

    NEPSE Index: The NEPSE Index is a benchmark that reflects the overall performance of the stock market. It is a critical indicator for investors, indicating whether the market is bullish or bearish.

    Live Trading and Market Data

    NEPSE Live Trading: NEPSE offers live trading sessions where investors can buy and sell stocks in real-time. Keeping an eye on live trading is essential for making informed investment decisions.

    NEPSE Stock Prices: Real-time stock prices are available during trading hours, helping investors track the value of their investments. Monitoring these prices is vital for trading success.

    NEPSE Trading Hours: NEPSE follows specific trading hours. Understanding these hours is crucial to ensure you don’t miss out on trading opportunities.

    Listed Companies and IPOs

    NEPSE Listed Companies: NEPSE has a diverse range of companies listed on its platform. Researching these companies can help investors identify potential investment opportunities.

    NEPSE IPO: Initial Public Offerings (IPOs) allow companies to raise capital by selling shares to the public for the first time. Participating in IPOs can be a lucrative investment strategy.

    Market Analysis and Trading Tips

    NEPSE Market Analysis: Staying informed about market trends, news, and analysis is key to making wise investment decisions. NEPSE provides various resources for market analysis.

    NEPSE News: NEPSE news keeps investors updated on the latest developments in the stock market. It’s an invaluable resource for staying informed.

    NEPSE Trading Tips: Seasoned investors often share trading tips and strategies. Learning from their experiences can help you navigate the stock market effectively.

    Historical Data and Market Summary

    NEPSE Historical Data: Historical data provides insights into past market performance. Analyzing this data can help investors identify patterns and trends.

    NEPSE Market Summary: NEPSE offers market summaries, providing a snapshot of the day’s trading activity. It’s a quick way to gauge market sentiment.

    Conclusion

    The Nepal Stock Exchange (NEPSE) is a dynamic marketplace that offers a wealth of opportunities for investors. Whether you are a novice or an experienced trader, understanding NEPSE’s live trading, market analysis, listed companies, and other key aspects is essential for success in the stock market. By staying informed and following trading tips, you can make well-informed investment decisions and navigate the NEPSE with confidence. Additionally, utilizing historical data and market summaries can help you assess market trends and sentiment. NEPSE is a cornerstone of Nepal’s financial landscape, and by harnessing its potential, you can embark on a prosperous investment journey.

  • Nepal Observes Constitution Day with Public Holiday and NEPSE Closure

    Nepal Observes Constitution Day with Public Holiday and NEPSE Closure


    The Government of Nepal has declared a public holiday today, which falls on the 3rd of Ashwin, to commemorate ‘Constitution Day.’ As part of the holiday observance, the Nepal Stock Exchange Limited (NEPSE) will remain closed for trading. Normal trading activities on NEPSE will resume on Thursday, the 4th of Ashwin, 2080, starting at 11:00 AM.

    Constitution Day holds significance as it marks the promulgation of the constitution, which was drafted by the representatives of the people through the Constituent Assembly. This historic event took place on Ashoj 3, 2072 BS. The current constitution represents the seventh written constitution of Nepal, with its primary objective being the establishment of socialism through the protection of citizens’ socioeconomic and cultural rights.

  • Securities Board Approves Citizens Bank’s 10% Bond Offering for 2080

    Securities Board Approves Citizens Bank’s 10% Bond Offering for 2080


    The Securities Board of Nepal has granted approval to Citizens Bank International Limited’s ‘10% Citizens Bank Bond 2080.’ This regulatory clearance was given on the 29th of Bhadra, 2080.

    The ‘10% Citizens Bank Bond 2080’ offering consists of a total of 30 lakh units, with each unit having a par value of Rs. 1,000. Out of the overall issuance, 12 lakh units are designated for the general public, while the remaining 18 lakh units will be made available through private placement.

    Himalayan Capital Limited has been selected to serve as the issue manager for this bond offering.

    As the name implies, the ‘10% Citizens Bank Bond 2080’ comes with a maturity period of 10 years, set to reach maturity in the year 2090 BS. Investors holding these debentures can anticipate an annual return of 10% on their investment.

  • NRB Governor Discusses Power Export and Hydropower Sector Development with IPPAN

    NRB Governor Discusses Power Export and Hydropower Sector Development with IPPAN


    Maha Prasad Adhikari, the Governor of the Nepal Rastra Bank (NRB), has emphasized that Nepal’s trade deficit could be effectively addressed if the country could export power worth Rs 130 billion annually. In a meeting with the office-bearers of the Independent Power Producers’ Association, Nepal (IPPAN), Governor Adhikari highlighted the potential of power export as a means to reduce the trade deficit.

    Governor Adhikari pledged that the Nepal Rastra Bank is committed to facilitating the development of the hydropower sector in the country. During the meeting, IPPAN President Ganesh Karki proposed a requirement for banks and financial institutions to allocate 20% of their total investments to the energy sector. Governor Adhikari responded by expressing confidence in banks’ ability to invest, even if Nepal were to generate 20,000 megawatts of electricity in the next decade.

    IPPAN, however, stated that they require around Rs 555 billion within five years to develop projects for generating approximately 3,700 megawatts of power. In a 10-year timeframe, this requirement increases to about Rs 2,055 billion, assuming power export agreements with India are considered. The figure rises to over Rs 3,750 billion if an additional 25,000 megawatts of electricity, as per the Energy Decade declaration, were to be produced.

    IPPAN requested that the NRB’s loan provision, which currently allows projects producing over 200 megawatts to receive loans with just a 1% addition to the base interest rate, be extended to all hydropower projects. They also highlighted banks’ reluctance to invest further in hydropower due to NRB directives, which prevent the distribution of interest income during the construction phase as dividends.

    Furthermore, IPPAN called for the continued sharing of bonuses generated during the construction phase and urged the government to facilitate the introduction of new financial instruments like green bonds, climate bonds, or sovereign bonds from international markets. They sought the NRB’s support for refinancing in clean energy due to high interest rates imposed by financial institutions in the energy sector.

    In response, the NRB governor acknowledged that matters related to bonds fall under the Finance Ministry’s jurisdiction but expressed the central government’s willingness to facilitate such initiatives. IPPAN also urged the NRB to introduce provisions allowing banks and financial institutions to invest in energy production as capital and requested eased rules and provisions related to investment, bonuses, and withdrawal of investments for international investors to achieve their ambitious goal of generating 25,000 megawatts of electricity and importing 15,000 megawatts in the next decade.

    The IPPAN delegation included Vice President Mohan Kumar Dangi and former President Shailendra Guragain, among others, while the NRB meeting included Deputy Governor Bam Bahadur Mishra, executive directors Dr. Gunakar Bhatta, and Dev Kumar Dhakal.

  • Gold Prices Surge by Rs. 500 Per Tola in Nepal, Silver Also Sees Gains

    Gold Prices Surge by Rs. 500 Per Tola in Nepal, Silver Also Sees Gains


    Today, the price of gold in Nepal has seen a notable increase, rising by Rs. 500 per tola. According to information provided by the official website of the Federation of Nepal Gold and Silver Dealers’ Association, fine gold is currently being traded at Rs. 113,000 per tola. This marks a rise from yesterday’s rate, which was maintained at Rs. 112,500 per tola. Additionally, Tejabi gold is now trading at Rs. 112,450 per tola, as opposed to yesterday’s rate of Rs. 111,950 per tola.

    In tandem with the increase in gold prices, silver has also experienced a gain of Rs. 5 per tola. In the local market, silver is now being traded at Rs. 1,410 per tola, whereas it closed at Rs. 1,405 per tola just yesterday.

    For those tracking international rates, the current price of gold in USD stands at $1,931.20 per ounce, while silver is valued at $23.16 per ounce in the global market.

  • Chhimek Laghubitta Bittiya Sanstha Urges Shareholders to Claim Outstanding Dividends

    Chhimek Laghubitta Bittiya Sanstha Urges Shareholders to Claim Outstanding Dividends


    Chhimek Laghubitta Bittiya Sanstha Limited (CBBL) has recently issued a notice directed at its shareholders who have not yet received their rightful dividend payments. It has come to the company’s attention that even after a span of five years since the initial dividend distribution, some shareholders have not collected the dividends owed to them. To address this matter, CBBL is urging these investors to take action.

    To claim their outstanding dividends, shareholders who have not yet done so are required to present their share certificates and provide proof of their identity to the company’s share department. Additionally, they should submit copies of any necessary supporting documents. This procedure is essential for the shareholders to access their overdue dividend payments.

    Failing to comply with this request and neglecting to claim the dividends within the stipulated timeframe may result in legal consequences. In accordance with section 183 of the Companies Act, 2063, any uncollected dividends will be placed into the “Investor Protection Fund.” Therefore, it is in the best interest of the shareholders to promptly follow the outlined process and ensure they receive the dividends rightfully owed to them.

  • Mathillo Mailung Khola Jalbidhyut Allots IPO Shares to Project-Affected Residents in Rasuwa and Nuwakot Districts

    Mathillo Mailung Khola Jalbidhyut Allots IPO Shares to Project-Affected Residents in Rasuwa and Nuwakot Districts


    Mathillo Mailung Khola Jalbidhyut Limited has successfully allocated its Initial Public Offering (IPO) shares to local residents directly impacted by the project in Rasuwa and Nuwakot Districts. The allocation process concluded on the 1st of Ashwin, 2080, following an offering of 10,00,000 units of IPO shares, which represent 10% of the company’s total issued capital amounting to Rs. 1 Arba. This offering was exclusively available to residents in the Rasuwa and Nuwakot Districts and was open for applications from the 4th of Shrawan to the 17th of Bhadra. Local residents had the opportunity to apply for a minimum of 10 shares and a maximum of 10,000 shares.

    According to a recent notice issued by the company, approximately 990,800 units of IPO shares, or 99.08% of the total offering, have been successfully allotted to eligible applicants from the project-affected areas. Consequently, the remaining 9,200 units will soon be made available to the general public. In addition to this, the company plans to issue an additional 15,00,000 units, representing 15% of the total issued capital.

    CARE Ratings Nepal Limited (CRNL) has assigned a rating of ‘CARE-NP BB-‘ to Mathillo Mailun Khola Jalvidhyut Limited. This rating indicates a moderate risk of default in terms of the company’s ability to meet its financial obligations in Nepal.

    Mathillo Mailun Khola Jalvidhyut Limited is a publicly traded company established on August 14, 2012. The company’s establishment was facilitated by institutional investors, primarily associated with the Sanima Hydro Group, as well as other financial institutions, including banks and insurance companies. Its primary objective is to develop a 14.3 MW run-of-river project known as the Mathillo Mailun Khola Jalvidhyut Project, located in the Rasuwa district of Nepal, under the BOOT (Build, Own, Operate, and Transfer) mechanism.